CBOE vs. ANET
CBOE (Cboe Global Markets, Inc.) and ANET (Arista Networks, Inc.) are both stocks. CBOE operates in Financial Data & Stock Exchanges (Financial Services), while ANET operates in Computer Hardware (Technology). Over the past 10 years, CBOE returned 17.38%/yr vs 42.38%/yr for ANET. At a 0.10 correlation, their price movements are largely independent.
Performance
CBOE vs. ANET - Performance Comparison
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Returns By Period
In the year-to-date period, CBOE achieves a 12.19% return, which is significantly lower than ANET's 19.36% return. Over the past 10 years, CBOE has underperformed ANET with an annualized return of 17.38%, while ANET has yielded a comparatively higher 42.38% annualized return.
CBOE
- 1D
- -0.56%
- 1M
- -19.41%
- YTD
- 12.19%
- 6M
- 11.21%
- 1Y
- 27.25%
- 3Y*
- 27.99%
- 5Y*
- 21.30%
- 10Y*
- 17.38%
ANET
- 1D
- 1.38%
- 1M
- 10.32%
- YTD
- 19.36%
- 6M
- 21.14%
- 1Y
- 60.82%
- 3Y*
- 56.72%
- 5Y*
- 47.39%
- 10Y*
- 42.38%
CBOE vs. ANET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 12.19% | 29.96% | 10.74% | 44.37% | -2.16% | 42.23% | -21.17% | 24.16% | -20.60% | 70.49% |
ANET Arista Networks, Inc. | 19.36% | 18.55% | 87.73% | 94.07% | -15.58% | 97.89% | 42.86% | -3.46% | -10.56% | 143.44% |
Correlation
The correlation between CBOE and ANET is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2014 | 0.10 |
The correlation between CBOE and ANET shifts across timeframes, from -0.20 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CBOE:
$29.43B
ANET:
$199.22B
CBOE:
$11.77
ANET:
$2.92
CBOE:
23.83
ANET:
53.57
CBOE:
0.44
ANET:
1.26
CBOE:
6.14
ANET:
20.53
CBOE:
5.48
ANET:
14.77
CBOE:
$4.79B
ANET:
$9.71B
CBOE:
$2.50B
ANET:
$6.17B
CBOE:
$1.87B
ANET:
$4.21B
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Return for Risk
CBOE vs. ANET — Risk / Return Rank
CBOE
ANET
CBOE vs. ANET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cboe Global Markets, Inc. (CBOE) and Arista Networks, Inc. (ANET). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CBOE | ANET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.16 | -1.05 |
| Martin ratioReturn relative to average drawdown | 5.44 | 4.51 | +0.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBOE | ANET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.15 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.01 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.95 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.83 | -0.17 |
Drawdowns
CBOE vs. ANET - Drawdown Comparison
The maximum CBOE drawdown since its inception was -43.23%, smaller than the maximum ANET drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for CBOE and ANET.
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Drawdown Indicators
| CBOE | ANET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.23% | -52.20% | +8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -24.69% | -28.33% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -24.69% | -50.42% | +25.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.69% | -50.42% | +25.73% |
Max Drawdown (10Y)Largest decline over 10 years | -43.23% | -52.20% | +8.97% |
Current DrawdownCurrent decline from peak | -23.40% | -12.00% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -15.40% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 13.53% | -8.51% |
Volatility
CBOE vs. ANET - Volatility Comparison
The current volatility for Cboe Global Markets, Inc. (CBOE) is 15.60%, while Arista Networks, Inc. (ANET) has a volatility of 16.83%. This indicates that CBOE experiences smaller price fluctuations and is considered to be less risky than ANET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBOE | ANET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.60% | 16.83% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 23.74% | 40.41% | -16.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 53.48% | -26.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.17% | 47.20% | -24.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.32% | 44.99% | -19.67% |
Dividends
CBOE vs. ANET - Dividend Comparison
CBOE's dividend yield for the trailing twelve months is around 1.03%, while ANET has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANET Arista Networks, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CBOE Cboe Global Markets, Inc. | 1.03% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
Financials
CBOE vs. ANET - Financials Comparison
This section allows you to compare key financial metrics between Cboe Global Markets, Inc. and Arista Networks, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CBOE vs. ANET - Profitability Comparison
CBOE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a gross profit of 669.90M and revenue of 1.27B. Therefore, the gross margin over that period was 52.6%.
ANET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Arista Networks, Inc. reported a gross profit of 1.68B and revenue of 2.71B. Therefore, the gross margin over that period was 61.9%.
CBOE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported an operating income of 505.60M and revenue of 1.27B, resulting in an operating margin of 39.7%.
ANET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Arista Networks, Inc. reported an operating income of 1.16B and revenue of 2.71B, resulting in an operating margin of 42.7%.
CBOE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a net income of 385.70M and revenue of 1.27B, resulting in a net margin of 30.3%.
ANET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Arista Networks, Inc. reported a net income of 1.02B and revenue of 2.71B, resulting in a net margin of 37.8%.
Frequently Asked Questions
CBOE and ANET have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANET has higher volatility (16.83%) compared to CBOE (15.60%). In terms of maximum drawdown, CBOE dropped -43.23% vs ANET's -52.20%.
ANET currently has the higher Sharpe Ratio (1.15 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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